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March 2016

Regulatory Reform and a Sunday Drive

by William Hord

March 14, 2016 12:03 pm

It’s over, regulatory reform is finished and we can get on with the business of running our business, right? Not so fast Speed Racer. Wait a minute you ask? Aren’t we just about complete with implementing Dodd-Frank? Although that is true, unfortunately the stable landscape we thought would come from it is still just as rife with change as it has ever been. It appears Congress is very unlikely to repeal Dodd-Frank and the banking industry will begin to feel pressure from additional reforms related to money laundering, terrorism financing and cyber threats. Combine this with a new vigor to hold executives accountable for their governance failures both personally and sometimes criminally, and the road looks even more concerning. (more…)

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